1. The early faces — the foreign insurers' era (the Calcutta-and-Darjeeling companies serving Nepal's trade).
2. The state's entry — the Nepal Bank Limited's agency faces (the 1930s); the Rastriya Beema Sansthan (established 2024 B.S.) — the state insurer (the life-and-non-life composite — the unique Nepali institution).
3. The first statute — the Insurance Act 2025 B.S. (1968) and the Insurance Board (Beema Samiti) — the regulator's birth.
4. The liberalisation — the Insurance Act 2049 B.S. (1992): the private companies' entry, the licensing regime, the life-and-non-life separation policy.
5. The market's growth — the companies' proliferation (the 30-plus era); the brokers'-and- agents' profession; the merger wave (the regulator's consolidation push of the 2070s).
6. The modern statute — the Insurance Act 2079 B.S. (2019): the modernised regime — the Nepal Insurance Authority (the Insurance Board's transformation-and-rename), the strengthened supervision, the corporate-governance faces, the policyholder-protection layer.
7. The present profile — the life-and-non-life markets, the micro-insurance drives, the disaster- pool debates (the earthquake's lessons).